As discussed in previous Holland & Knight alerts on Dec. 10 and Dec. 18, 2024, New York City recently made comprehensive changes to its Zoning Resolution, known collectively as City of Yes for Zoning for Housing Opportunity...more
4/2/2025
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Affordable Housing ,
Amended Legislation ,
Apartments ,
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Conversion ,
Conversion Requirements ,
Multi-Family Development ,
Property Owners ,
Real Estate Development ,
Real Estate Market ,
Regulatory Reform ,
Residential Property Owners ,
Zoning Laws
The adopted 2024-2025 budget for New York state includes the enactment of two programs intended to assist the production of housing in New York City: the Affordable Neighborhoods for New Yorkers Program (ANNYP) to replace the...more
According to recent media stories, New York City Mayor Bill de Blasio has announced that he is directing his Department of City Planning (DCP) to study expanding regulations prohibiting as-of-right development of hotels...more
The New York State Legislature has passed and Gov. Andrew Cuomo has signed legislation re-establishing the 421-a Tax Exemption Program after a nearly two-year hiatus. The program, which was first put in place in the early...more